Note 5 - Income (Loss) Per Share

6 Months Ended

Jun. 29, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 5 – Income (Loss) Per Share

Set forth in the table below is the reconciliation by quarter of the numerator (income or (loss) from continuing operations) and the denominator (shares) for the computation of basic and diluted income (loss) from continuing operations per share:

(In thousands, except per share data)	Numerator Income (Loss)			Denominator Shares		Per Share Amount
Three months ended June 29, 2013:
Basic income from continuing operations	$	2,789			7,474	$	0.37
Effect of dilutive securities:
Preferred rights		—			—		—
Stock options		—			106		—
Diluted income from continuing operations	$	2,789			7,580	$	0.37
Three months ended June 30, 2012:
Basic loss from continuing operations	$	(2,889	)		7,434	$	(0.39	)
Effect of dilutive securities:
Preferred rights		—			—		—
Restricted stock		—			—		—
Stock options		—			—		—
Diluted loss from continuing operations	$	(2,889	)		7,434	$	(0.39	)
Six months ended June 29, 2013:
Basic loss from continuing operations	$	(1,561	)		7,476	$	(0.21	)
Effect of dilutive securities:
Preferred rights		—			—		—
Stock options		—			—		—
Diluted loss from continuing operations	$	(1,561	)		7,476	$	(0.21	)
Six months ended June 30, 2012:
Basic loss from continuing operations	$	(6,792	)		7,056	$	(0.97	)
Effect of dilutive securities:
Preferred rights		—			—		—
Restricted stock		—			—		—
Stock options		—			—		—
Diluted loss from continuing operations	$	(6,792	)		7,056	$	(0.97	)

For the six months ended June 29, 2013, potentially dilutive shares of 105,900 were excluded from the calculation of dilutive shares because their effect would have been anti-dilutive due to the loss from continuing operations. For the three and six month periods ended June 30, 2012, potentially dilutive shares of 583,500 were excluded from the calculation of dilutive shares because their effect would have been anti-dilutive due to the loss from continuing operations.